U.S. stocks lower again as financials falter

KateGibson

NEW YORK (MarketWatch) -- U.S. stocks on Friday shed gains in early afternoon trade after the financials sector lost a bid to regain its footing after Citigroup Inc. reported smaller-than-expected losses but Merrill Lynch & Co. disappointed. The Dow Jones Industrial Average fell 1.38 points, to 11,445.28. The S&P 500
SPX, -0.68%
declined 5.15 points to 1,255.17, while the Nasdaq Composite
COMP, -0.96%
shed 37.5 points to 2,274.8.

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